Infosys, Wipro, Mastek and Hexaware innovate to cut costs but jobs in layoff season. Take sabbatical or get trained. May 4, 2009
Posted by Sachin Gupta in Company News, Layoffs.Tags: Hexaware, Infosys, Layoffs, Mastek, Wipro
1 comment so far
HR personals in Infosys, Hexaware, Wipro and Mastek have become innovative and trying to find the alternatives to layoffs unlike western IT companies. One of these alternatives is taking long sabbatical with major cut in salaries like what Infosys and Mastek did. It could be creating ‘virtual bench’ by Mastek where employees will take severe cut in salaries and get trained in technologies.
Read more details of this news at
Yahoo layoffs in India and recruits as well. Wipro and Freescale is also firing in India. May 4, 2009
Posted by Sachin Gupta in Company News, Layoffs.Tags: Freescale, Layoffs, Recession Impact, Wipro, Yahoo
add a comment
Global search engine player Yahoo, which recently announced a five per cent lay-off globally, is learnt to have asked around 60 employees from its Bangalore-based R&D centre to quit the company. The California-based company is also planning to hire 130 professionals in India in areas like product engineering.
Read more and uptodated news on layoffs at.
http://itnews.idlefolks.com/tag/layoffs
Freescale Semiconductor, Texas-based computer chipmaker, has decided to retrench around 250 professionals at its Bangalore centre, as the company seeks to lower its operational costs by shutting down several manufacturing units across the globe and trim its payroll.
Last week, according to company sources, an indefinite number of Wipro employees have been laid off by the company. An employee, who has been laid off says, “Last week, around 300 employees were laid off on one single day.”
Many more news of Wipro at
Details of Indian Government pension fund and frequently asked questions (FAQ) May 4, 2009
Posted by Sachin Gupta in Investment Advices.Tags: Pension Fund, ULIP
add a comment
Indian government has announced government controlled pension funds for every citizen of India. This fund has been launched from 1st May 2009 and will be regulated by government and will be least costly for individual’s pocket. Why to wait? Start investing lump sum money in these pension funds from right away. Please read on to get more information and frequent update.
Read full article at and FAQ at
BJP seems to be killing Mulayam Singh, Lalu Prasad Yadav and Ram Vilas Paswan in their election game plan with their secret weapon, Kalyan Singh. May 3, 2009
Posted by Sachin Gupta in Politics.Tags: Election 2009, Indian Politics
add a comment
It seems that it was a deliberated move by BJP (Bhartiya Janta Party) to move Kalyan Singh to Samajwadi Party. BJP was very much aware that Mulayam Singh will surely lose Muslim votes in Uttar Pradesh because of his closeness with Kalyan Singh, ex-chief minister of UP.
But BJP has got bonus in this game by causing major heart pains to Lalu Prasad Yadav and Ram Vilas Paswan just by getting cozy with Mulayam for their so called fourth front. Lalu has realized their upcoming heavy losses in Bihar and started arguing back with Mulayam Singh and Kalyan Singh over Babri Mosque demolition in 1991.
BJP, Nitish Kumar and Kalyan Singh realized last year that NDA front will be more benefited by moving Kalyan Singh to Mulayam, Amar Singh camp than asking Kalyan Singh to work for BJP win in Uttar Pradesh.
Pinnacle was reached on May 2nd when Kalyan Singh started accusing BJP for Babri Mosque demolition and argued back to few media channels he was kept in dark till the last moment of Mosque demolition. He is also accusing BJP that he was a mere toy in the hand of few known persons of ‘upper castes’, who never liked Kalyan Singh because of his back ward class. What a classy act, Mr Kalyan Singh? You should be in Bollywood. Dunno what you are doing in politics now when there is nothing left for you.
Kudos to BJP and Kalyan Singh, What a lovely ‘check-n-mate ‘game they played with Yadav brothers.
